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FCPT Announces Acquisition of Two Popeyes Properties for $4.7 Million

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Popeyes properties for $4.7 million. The properties are located in strong retail corridors in Arizona and Illinois and are occupied under a long-term, triple net lease with approximately 20 years of term remaining. The properties are in the final stages of construction but rent will commence immediately at close...

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Dec 29 8:47 AM, Urner Barry



FCPT Announces Agreement to Acquire Up to 14 Darden Restaurant Properties for $85 Million

Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar's Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.

The transaction is expected to close in the third quarter of...

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May 25 10:05 AM, Urner Barry







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